Use this url to cite publication: https://hdl.handle.net/20.500.14172/2701
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The evaluation of tourism development economic impact indicators in Lithuania
Type of publication
Straipsnis konferencijos medžiagoje Web of Science duomenų bazėje / Article in conference proceedings in Web of Science database (P1a1)
Type of document
type::text::conference output::conference proceedings::conference paper
Title
The evaluation of tourism development economic impact indicators in Lithuania
Date Issued
Date Issued |
---|
2019 |
Extent
p. 727-738
Is part of
European proceedings of social & behavioural sciences: Joint Conference ISMC 2018-ICLTIBM 2018 : 14th International Strategic Management Conference & 8th International Conference on Leadership, Technology, Innovation and Business Management. London : Future Academy, 2019, vol. 54, art. no. 62.
Description
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Field of Science
Abstract
Tourism is recognized as a very important sector for increasing GDP, creating new jobs, activating the balance of international trade. However, fierce competition in tourism sector may lead to the negative economic consequences. The article aims to carry out the economic evaluation of Lithuanian tourism development indicators. In order to achieve this aim different methods were used: critical analysis of scientific sources, comparative and systematic analysis of statistical data, correlation analysis (Pearson correlation coefficient). The impact of tourism on economic growth was assessed by analysing the changes in the GDP multiplier effect of investments attracted by tourism cluster, taxes collected, and multiplier effect. It was found that the consumption of tourism products has a significant impact on GDP. Tourism consumption reflects on accommodation establishments on the basis of income and their impact on GDP, created in Lithuania. Confirmed the statistical causality of tourism development and the economic situation in the country. Business development in the tourism sector, establishing new and expanding already existing enterprises create favourable conditions for the establishing new job vacancies, helps to tackle unemployment rates.
Is Referenced by
ISSN (of the container)
2357-1330
WOS
000527807000062
eLABa
52097469
Coverage Spatial
Jungtinė Karalystė / United Kingdom of Great Britain and Northern Ireland (GB)
Language
Anglų / English (en)
Bibliographic Details
15
Access Rights
Atviroji prieiga / Open Access